These silver stocks are performing well, will this momentum continue?
The pandemic accelerated the price of silver stocks to new highs in the market back in 2020. As more reopening started around the world, the price of silver went up even more. This was as a result of the industrial demand for the metal as operations continued for many build sites and businesses.
Silver received a boost in price in early February too. This boost came as reports were released saying Reddit traders have shifted their focus to silver. While many Redditors denied that this was true, what was undeniable was the rise up in price that silver experienced.
So where does this place the metal in 2021? Silver is currently being impacted by a variety of things. There is a lot of inflation fears in the market right now, but nobody truly knows how this could impact the price of silver. With things so volatile in the market, it makes investors unsure of how to invest. There are a lot of things you can do when investing that will help. Looking at the latest company news for a silver stock you are interested in will help tremendously. Looking at world news and sector news is also very important as these things impact silver stocks. Let’s look at three silver stocks that are performing well in the market today.
Top Silver Stocks To Watch
- Avino Silver & Gold Mines Ltd. (NYSE: ASM)
- Alexco Resource Corp. (NYSE: AXU)
- Golden Minerals Company (NYSE: AUMN)
Avino Silver & Gold Mines Ltd. (NYSE: ASM)
Avino Silver & Gold Mines Ltd. is a mining business that acquires, explores for, mines, and advances various mineral properties. The company’s properties are located in Mexico and Canada. It actively owns 42 mineral claims and leases four mineral claims. Avino also has 24 exploitation concessions covering 1200+ hectares of land.
Avino released its second-quarter financial results on August 11th. The company’s President and CEO said, “During the second quarter, the Company focused on the steps necessary for resumption of operations. These included hiring mine workers, upgrades to improve recoveries at the mill, testing the mill circuits, and clean-up of equipment, grounds, and facilities.”
2 days after the release of these results, ASM stock has increased by more than 5.4% in the market. This is very positive momentum for this silver mining corporation. Keeping this in mind, is ASM a contender for your list of silver stocks to watch?
Alexco Resource Corp. (NYSE: AXU)
Alexco Resource Corp. is a silver company that explores for minerals and develops mines and operational activities. Most of its operations take place in Yukon Territory, Canada. Alexco actively looks for silver, lead, zinc, and gold deposits. It holds interest in the Keno Hill Silver District project that has many deposits within, such as 725 quartz leases, 873 quartz claims, 24 mining claims, and more.
On August 11th, the company released its second-quarter results for 2021. The company’s mineral reserves increased by 22% at its Keno Hill property. This is great progress for the silver stock, which is up 5% in the market today.
Chairman and CEO Clynt Nauman said, “During the second quarter, we made good progress at Keno Hill, increasing mine reserves by 22% and ramping up mill throughput by 65% over Q1 2021, while maintaining strong metallurgical performance, both from a recovery and payability perspective.” Keeping this info in mind, will AXU make your list of silver stocks to watch?
Golden Minerals Company (NYSE: AUMN)
Golden Minerals Company is a precious metal-based exploration and development company. It will mine, construct, and explore for mineral properties that hold precious metals. Primarily, the company looks for silver, gold, zinc, lead, and a variety of other minerals. The majority of its properties are located in the United States, Mexico, Argentina, and various states within the US.
On August 5th, the company reported its second-quarter results for 2021. The President and CEO Warren Rehn said, “We are pleased to report strong results from the first full quarter of gold-silver production at Rodeo. We achieved average throughput levels at over 500 tonnes per day in May and June and lowered our cash operating costs to $915 per payable gold oz in the quarter.”
The company now is still on course to achieve 2021 production guidance of 12,000-14,000 ounces of gold and 25k-30k ounces of silver in this time period. Keeping this new info in mind, will AUMN make your silver stock watchlist?
Silver Stocks In August 2021
Silver stocks are in a rather volatile position right now. With inflation fears and the pandemic still roaring on, nobody knows what will truly happen to silver stocks in the market. For now, which companies will enter your list of silver stocks to watch in August 2021?
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